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Norwegian (OSEAX) Market Analysis & Valuation

UpdatedJun 19, 2024
DataAggregated Company Financials
Companies329
  • 7D-0.5%
  • 3M3.5%
  • 1Y3.8%
  • YTD1.1%

Over the last 7 days, the market has remained flat, although notably the Utilities sector gained 4.2% in that time. As for the longer term, the market has risen 3.8% in the past 12 months. As for the next few years, earnings are expected to grow by 12% per annum.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

Has the Norwegian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 19 Jun 2024kr3.8tkr3.3tkr285.4b11.2x13.5x1.2x
Fri, 17 May 2024kr4.1tkr3.3tkr285.1b11.8x14.2x1.2x
Sun, 14 Apr 2024kr4.1tkr3.4tkr301.2b11.7x13.5x1.2x
Tue, 12 Mar 2024kr3.8tkr3.3tkr287.8b11.2x13.1x1.1x
Thu, 08 Feb 2024kr3.8tkr3.5tkr353.2b10.6x10.7x1.1x
Sat, 06 Jan 2024kr4.1tkr3.5tkr344.5b10.9x11.9x1.2x
Mon, 04 Dec 2023kr4.0tkr3.6tkr356.9b10.4x11.3x1.1x
Wed, 01 Nov 2023kr4.0tkr3.6tkr364.7b10.8x11.1x1.1x
Fri, 29 Sep 2023kr4.0tkr3.8tkr416.4b10.6x9.7x1.1x
Sun, 27 Aug 2023kr3.9tkr3.7tkr411.9b10.5x9.4x1x
Tue, 25 Jul 2023kr3.9tkr3.7tkr448.3b10.7x8.6x1x
Thu, 22 Jun 2023kr3.9tkr3.8tkr504.5b11.4x7.7x1x
Sat, 20 May 2023kr3.9tkr3.8tkr556.1b11.7x7x1x
Mon, 17 Apr 2023kr4.0tkr3.7tkr499.5b11.9x8x1.1x
Wed, 15 Mar 2023kr3.9tkr3.8tkr550.8b11.7x7.2x1x
Fri, 10 Feb 2023kr4.1tkr1.9tkr554.1b11.7x7.4x2.1x
Sun, 08 Jan 2023kr3.9tkr3.6tkr490.9b11.8x8x1.1x
Tue, 06 Dec 2022kr4.1tkr3.6tkr485.0b11.6x8.4x1.1x
Thu, 03 Nov 2022kr4.1tkr3.6tkr482.9b11.4x8.4x1.1x
Sat, 01 Oct 2022kr3.8tkr3.5tkr398.1b11.4x9.4x1.1x
Mon, 29 Aug 2022kr4.3tkr3.2tkr365.9b12.4x11.9x1.3x
Wed, 27 Jul 2022kr4.1tkr3.0tkr301.5b12.5x13.6x1.4x
Fri, 24 Jun 2022kr3.8tkr3.0tkr295.4b12.5x13x1.3x
Sun, 22 May 2022kr4.1tkr2.9tkr249.3b13.4x16.4x1.4x
Tue, 19 Apr 2022kr4.3tkr2.5tkr195.9b14.8x22x1.7x
Thu, 17 Mar 2022kr4.0tkr2.5tkr202.8b13.8x19.6x1.6x
Sat, 12 Feb 2022kr4.0tkr2.4tkr202.2b14.9x19.9x1.7x
Mon, 10 Jan 2022kr4.0tkr2.2tkr152.0b15.4x26.5x1.8x
Wed, 08 Dec 2021kr3.5tkr2.2tkr129.8b14.2x27.1x1.6x
Fri, 05 Nov 2021kr4.0tkr2.1tkr146.3b14x27.4x1.9x
Sun, 03 Oct 2021kr3.8tkr2.0tkr118.2b13.3x31.8x1.9x
Tue, 31 Aug 2021kr3.6tkr2.0tkr116.0b13x31x1.8x
Wed, 07 Jul 2021kr3.2tkr1.9tkr95.3b12.1x33.9x1.7x
Price to Earnings Ratio

33.9x


Total Market Cap: kr3.2tTotal Earnings: kr95.3bTotal Revenue: kr1.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Market Price to Earnings3Y Average 31.9x202220232024
Current Market PE
  • Investors are pessimistic on the Norwegian market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 13.5x which is lower than its 3-year average PE of 31.9x.
Past Earnings Growth
  • The earnings for Norwegian listed companies have grown 44% per year over the last three years.
  • Revenues for these companies have grown 19% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Norwegian Market?

NO Market-0.45%
Utilities4.15%
Financials2.49%
Consumer Staples2.48%
Real Estate1.04%
Tech0.77%
Telecom-0.19%
Industrials-1.01%
Consumer Discretionary-1.46%
Energy-2.02%
Materials-2.60%
Healthcare-4.56%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 16.9x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 40.8% which is higher than its past year's earnings decline of 7.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 63% over the next 5 years.
  • This is better than its past earnings decline of 51% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 21% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
DNB DNB Bankkr207.502.4%
+kr7.4b		5.8%PB1.1xFinancials
GJF Gjensidige Forsikringkr190.904.3%
+kr3.9b		9.1%PE25.6xFinancials
ORK Orklakr89.203.0%
+kr2.6b		15.5%PE16.5xConsumer Staples
SALM SalMarkr607.003.1%
+kr2.4b		36.7%PE45.9xConsumer Staples
MOWI Mowikr188.551.9%
+kr1.8b		6.8%PE25.7xConsumer Staples
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